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“There’s no fear in this market right now. They’ve absolutely crushed volatility,” one options trader said. In the week ahead, traders will be watching testimony from Bernanke and earnings from Coke, Disney & more.

The nation's unemployment rate falls to 8.6 percent in November. Is this a big win for President Obama? Marc Morial, National Urban League president/CEO and Ron Christie, Christie Strategies founder/CEO, weigh in.